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GBP/JPY pares suspected JPY intervention-inspired losses; stays pressured below 213.00
The GBP/JPY cross retreated nearly 350-pips from the weekly top, around the 214.20-214.25 region set earlier this Wednesday, amid another suspected government intervention to prop up the Japanese Yen (JPY).
Fxstreet
Wed, May 6
NZD/USD Price Forecast: Hits eight-week highs above 0.5950 as risk appetite returns
The New Zealand Dollar (NZD) is rallying sharply against the US Dollar (USD) on Wednesday, as comments from US officials suggesting the war with Iran might be nearing its end have boosted investors’ appetite for risk.
Fxstreet
Wed, May 6
EUR/USD edges higher above 1.1700 amid hopes for a US-Iran peace deal
The EUR/USD pair gathers strength around 1.1730 during the early European trading hours on Wednesday. The Euro (EUR) edges higher against the US dollar (USD) amid hopes for a US-Iran peace deal. Traders will keep an eye on the release of the US ADP April Employment Change report later on Wednesday.Fxstreet
Wed, May 6
EUR/JPY bounces to 183.40 after dropping to 182.05 in a suspected intervention
The Euro (EUR) has dropped sharply against the Japanese Yen (JPY) on Wednesday, falling from levels just below 185.00 to 182.05 before returning to 183.40 at the time of writing. Similar moves in other Yen crosses point to another intervention of the Japanese Ministry of Finance (MOF)-
Fxstreet
Wed, May 6
AUD/JPY Price Forecast: Tumbles Below 113.00 on Suspected Yen Intervention, Uptrend Still Intact
The AUD/JPY cross tumbles to near 112.75 during the early European session on Wednesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) on suspected interventions from Japanese authorities.
Fxstreet
Wed, May 6
USD/CHF falls to near 0.7800 as US Dollar struggles on risk-on mood
USD/CHF loses ground for the second successive day, trading around 0.7800 during the Asian hours on Wednesday. The pair declines as the US Dollar (USD) weakens amid rising optimism that Washington could secure a deal with Iran.
Fxstreet
Wed, May 6
Breaking: Japanese Yen strengthens on suspected FX intervention
The USD/JPY pair falls to around 156.15 during the early European session on Wednesday. The Japanese Yen (JPY) strengthens on suspected massive government interventions aimed at curbing its weakness against the US Dollar (USD).
Fxstreet
Wed, May 6
AUD/USD Price Forecast: Rallies to June 2022 high, closer to mid-0.7200s on weaker USD
The AUD/USD pair is seen building on the previous day's bounce from the 0.7135 region, or the weekly low, and gaining strong follow-through positive traction for the second straight day on Wednesday.
Fxstreet
Wed, May 6
Canadian Dollar gains ground as easing safe-haven demand weighs on US Dollar
USD/CAD extends its losses for the second successive day, trading around 1.3600 during the Asian hours on Wednesday. The pair retreats as the US Dollar (USD) softens on reduced safe-haven demand, driven by rising optimism over a potential deal with Tehran.
Fxstreet
Wed, May 6
EUR/USD strengthens above 1.1700 as Trump announces pause on Project Freedom
The EUR/USD pair attracts some buyers to around 1.1720 during the Asian trading hours on Wednesday, bolstered by improved risk sentiment. US President Donald Trump said the Project Freedom and movement of ships through the Strait of Hormuz had paused.Fxstreet
Wed, May 6
NZD/USD retakes 0.5900 and beyond as US-Iran peace deal hopes counter mixed NZ jobs data
The NZD/USD pair is seen building on the previous day's goodish rebound from the vicinity of mid-0.5800s, or the weekly low, and gaining positive traction for the second straight day on Wednesday.Fxstreet
Wed, May 6
GBP/USD Stalls as US Dollar Drivers Dominate a Quiet UK Week
GBP/USD ended Tuesday near where it started, settling close to 1.3545 after a narrow session capped by resistance around 1.3550. Price has held a roughly 60-pip range across the past two sessions, with overlapping wicks pointing to a market lacking conviction in either direction.Fxstreet
Wed, May 6
USD/JPY Rises as Yen Intervention Fades, Buyers Target 160.00
USD/JPY advances some 0.48% on Tuesday as the Greenback remained steady during the session following last Thursday’s intervention in the FX markets by Japanese authorities, which bought the Yen, with the pair tanking nearly 2.50% or almost 400 pips. At the time of writing, the pair trades at 157.91.Fxstreet
Wed, May 6
CNY: Managed appreciation with petro support – NBC
National Bank of Canada (NBC) strategists Stéfane Marion and Kyle Dahms argue that the Chinese Yuan's (CNY) strength reflects more than US Dollar (USD) softness, pointing to growing energy-settlement flows and improving Chinese manufacturing and Producer Price Index (PPI) data.Fxstreet
Tue, May 5
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